Re: UKNM: More overvalued stocks

[Clay Shirky]

> This is not a debate about the efficiency of the market. This is an

> observation about how a simple matter of supply and demand can

> masquerade as a confirmation of worth.


Where else is a confirmation of worth to come from, if not the mutual

agreement of the interested parties? What mechanism except supply and

demand could determine worth?


-clay

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